WINGAS Storage UK has decided not to proceed with the development of the Saltfleetby onshore gas field into an underground gas storage facility.
The current storage market conditions in the UK and the recent developments on the international energy markets have diminished the economic feasibility of investments in new gas storage facilities in the UK substantially.
In the face of this uncertainty, the shareholders of WINGAS Storage UK have decided to recover the remaining gas reserves in the field.
Production has been taking place at Saltfleetby Gas Field since 1999. When the field does stop producing gas in the future, the natural landscaping of the site will be restored.